More Bad News on the Store Closings Front

Turns out these days even being the leader in its sector won't protect a retail chain from the necessity for store closures. CNN Money reports that office supplies giant Staples plans to close 225 stores in North America by the middle of next year.
Staples has missed analysts' sales forecasts last quarter and it's reportedly having a hard time competing with the newly merged OfficeMax and Office Depot. The store closings will allow the chain to save approximately $500 million a ...

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